A few beers, a few peanuts, and the advice starts to flow. “My mate who runs a business claims every expense through his business and doesn’t pay a cent in tax”. But don’t be a fool and listen to your “pub accountant”, instead talk to your real accountant. Your Accountant will do their utmost to […]
One area that causes a lot of confusion for small businesses is whether the cost of meals (and coffees) with both potential and existing clients can be claimed as a tax deduction. And what about staff lunches? Can you take staff out for lunch to discuss business and claim a deduction?
There are many tax changes in effect from 1 July 2017. Here we provide a summary of Superannuation, Personal Tax and Business Tax changes that you need to be aware of.
We all know someone who has bragged that their Accountant tells them to put everything through their business or that they pay no tax. But don’t be fooled…when you dig a little deeper the reality is much different. One of the common misconceptions is that buying a car in your business is a great tax […]
So you have worked hard and paid off your home loan. It is important to know a few of the pitfalls with this especially if you are thinking of making that house a rental property in the future. Once a mortgage on a house is paid off in full, you cannot take a loan out […]